Physical Shares
Unclaimed physical shares refer to share certificates that have not been claimed or transferred by their rightful owners. These shares may have been purchased years ago, and the owner may have forgotten about them, lost the certificates, or passed away without transferring the shares.
Reasons for Unclaimed Physical Shares:
Forgotten investments: Investors may forget about their investments, especially if they were purchased years ago.
Lost or damaged certificates: Share certificates may be lost, stolen, or damaged, making it difficult for the owner to claim the shares.
Change of address: Investors may move to a new address, and the company may not have their updated contact information.
Death or incapacitation: Investors may pass away or become incapacitated, and their heirs or representatives may not be aware of the shares.
Consequences of Unclaimed Physical Shares:
Loss of ownership: If shares are not claimed, the owner may lose their rights to the shares.
Missed dividends: Unclaimed shares may result in missed dividend payments.
Difficulty in transferring shares: Unclaimed shares can be difficult to transfer, especially if the certificates are lost or damaged.
How to Claim Unclaimed Physical Shares:
Contact the company: Investors should contact the company's registrar or transfer agent to inquire about unclaimed shares.
Provide proof of ownership: Investors may need to provide proof of ownership, such as a copy of the share certificate or a confirmation statement.
Fill out a claim form: Investors may need to fill out a claim form to claim their shares.
1
2
3
4
5
6
